Question: Do not give excel answer, i need explained answer. A payment of $5000 that was due 20 days ago and another payment of $4000 that

Do not give excel answer, i need explained

Do not give excel answer, i need explained answer. A payment of $5000 that was due 20 days ago and another payment of $4000 that is due 50 days from now are to be settled/replaced by a payment of $6000 today and a payment of $X 90-days from today. If r= 11%, what is the value of X using today as the focal date

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